Endorsement

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Endorsement

 

a transfer signature, that is, a signature written on the back of a draft, check, bill of lading, or some other type of security to establish transfer of legal title of these documents from one person (the endorser) to another. The endorsement may be a full endorsement, that is, an endorsement to the order of a person (indicating to whom or to whose order the document is transferred), or a blank endorsement (to bearer). The endorsement on a draft or check makes the endorser liable for the amount indicated on the document.

References in periodicals archive ?
In the case of UCC Article 3, this means that the use of integrated, formalized writings transferred through indorsement and physical delivery and enforced via presentment.
The Note is Indorsed to the Plaintiff or Indorsed in Blank--If the plaintiff is not the originating lender, as is typical, standing can be shown by tendering the original note with an indorsement to the plaintiff; tendering the original note indorsed in blank with an affidavit of the holder; or filing an affidavit or verified pleading that the plaintiff holds the note.
She placed her indorsement on fabrics, dresses and millinery without his knowledge, and withheld the profits.
Initially, a negotiable instrument could be transferred only by an indorsement or signature of the payee.
22) In light of these warranties, a bank providing a signature guarantee must verify the identity of the customer providing the indorsement or signing the instruction.
He was also faulted for deliberately failing to reply to complainant's letters requesting for follow-up and to act on several indorsements and directives to act on the case, the Ombudsman said.